Tag: Heterogeneous

On January 22, Rep. Carolyn Maloney (D-NY) and 18 senior House Democrats reintroduced legislation (now H.R. 707) requiring federal statisticians to provide an equality-focused insight into the gross domestic product (GDP) number all too often considered the arbiter of American prosperity. Senate Minority Leader Schumer (D-NY) and Sen. Martin Heinrich (D-NM) introduced the same bill last year and are sure to do it again and, then to join Maloney in pressing for action. This time, it will come quickly in the House and may well pass the Senate in this Congress. Would it make an equality difference? No, but at least we’d know more clearly how much trouble we’re in.Continue reading “Gross Domestic Product and U.S. Inequality”→